The worldwide debt reset could be pushed off for another decade or so using smoke, mirrors, bailouts and bail-ins, but sooner or later it will occur. The debts of nations are at the point where only the interest on national debts are being paid. The principle on national debts is no longer repayable. It will never be paid.
By a debt reset, I mean that national debts will not be paid. Nations will agree to start over under a new monetary system.
The reality that we are living in is that most nations are so indebted that they cannot raise enough tax revenue to even pay their bills.… continue reading
